PROGRAM 2017 OF WORK 2018 MEMBER COMPANIES MEMBER COMPANIES A MESSAGE FROM THE CHAIR I am honored to serve as the chair of the U.S. Chamber of to reach new levels of regulatory efficiency, reassurance Commerce's Brazil-U.S. Business Council. There is boundless for international investors, intellectual property rights, labor opportunity to expand relations between the U.S. and Brazil regulations, and environmental protections. during this critical juncture for both countries. The business community plays a central role in shaping the relationship In 2016, Brazil embarked on a fundamental transformation bilaterally, regionally, and globally. aimed at restoring economic growth and setting the country on a sustainable path to development. The U.S. investor Citi has operated in Brazil for over 100 years, serving as community supports the Brazilian government and its people a trusted financial institution for our clients and enabling in pursuit of this important domestic structural reform agenda progress in the market. At the heart of this activity has been and remains confident about Brazil and its future. facilitating trade and investment between the U.S. and Brazil. The Brazil-U.S. Business Council has remained steadfastly U.S. companies have long considered the Brazilian market committed to strengthening the bilateral relationship during an essential part of their global expansion and footprint. It is a political transitions and challenging times and has proven itself key reason why the U.S.-Brazil commercial relationship is so to be a catalyst for innovative ideas and opportunities. The vigorous. In 2015, U.S. goods and services trade with Brazil success of our efforts is reflected in the increased economic totaled nearly US$95.4 billion. U.S. foreign direct investment relations achieved over the past decades. (FDI) in Brazil was US$65.2 billion, and Brazil’s FDI in the U.S. grew to US$23.7 billion in 2015. It is a privilege to serve as the chair of the Brazil-U.S. Business Council, and I look forward to collaborating with our member For this reason, the time has come for both governments to companies and partners in the coming years. make concrete progress in removing barriers to trade and investment and initiate efforts to establish bilateral agreements on tax and trade. These should be based on open, high- Jane Fraser standard, and market-based approaches to commerce. In Chief Executive Officer, addition to removing barriers, the two countries should seek Latin America, Citigroup The business “community plays a central role in shaping Brazil- U.S. relations. Cassia Carvalho 2 PROGRAM OF” WORK 2017–2018 Ɩ A MESSAGE FROM THE EXECUTIVE DIRECTOR This is a new chapter in the U.S.-Brazil relationship. With If pursued, both nations will reap socioeconomic benefits changes in governments in both countries, we have the including sustained growth, employment generation, and opportunity to reshape the bilateral agenda and pursue ways prosperity, reaching an unrealized potential. to strengthen our friendship and economic ties. It is a unique time, one of emerging trends in global thinking. Now, more The U.S. Chamber of Commerce and the National than ever, both nations need to define a bold, robust strategic Confederation of Industry (CNI) have a long-standing agenda and collaborate on global and bilateral issues such as relationship that fosters joint initiatives and actions under the trade, energy, defense, natural resources, infrastructure, and Brazil-U.S. Business Council. The partnership, together with agriculture. business communities, has led to a common understanding on what is essential to reduce trade and investment barriers The 2017–2018 Program of Work aims to give U.S. and between the two countries. We are confident this proposed Brazilian policymakers and private sector leaders a clear framework for economic cooperation will lead to concrete path forward. Our hope is that the administrations in the U.S. results. and Brazil will use this policy agenda, outlined with priorities and recommendations put forth by the private sector, as a The Council is an essential platform for strategic government- foundation for their bilateral agendas and the government-to- to-business dialogues and a partner in creating a vision and business dialogues. We urge both governments to consider mission for the path ahead. new possibilities, strategic thinking, and innovative options. Cassia M. Carvalho We present a bold vision with pragmatic next steps, pillared on Executive Director, 40 years of solid work by the Brazil-U.S. Business Council. Brazil-U.S. Business Council Both nations “need to define a bold, robust strategic agenda. ƖPROGRAM OF WORK 2017–2018 ” 3 TABLE OF CONTENTS ABOUT US AND WHAT WE DO 6 LEADERSHIP MEETINGS 9 LEADERSHIP 7 IN BRASILIA 2016 HIGHLIGHTS 8 ADVOCACY MISSION 10 TO BRASILIA 1. THE VISION FOR A STRATEGIC BRAZIL-U.S. ECONOMIC PARTNERSHIP 12 1.1. The Case for a Stronger Partnership: 13 Realizing the Potential 1.2. Five-Year Policy Accomplishments Timeline 14 1.3. Current State of Bilateral Trade and 16 Investment Relationship BRAZIL: RECOVERY, 18 REFORM, OPPORTUNITY 2. BUILDING BLOCKS FOR THE BILATERAL RELATIONSHIP 19 2.1. Enhanced Economic Partnership: 20 A Roadmap 2.2. Ease of Doing Business 22 2.3. Elevated Regulatory Cooperation 23 TABLE OF 3. MECHANISMS FOR COORDINATION, 24 CONTENTS COLLABORATION, AND ENGAGEMENT 3.1. Dialogues 25 U.S.-Brazil Commercial 25 ABOUT US AND WHAT WE DO 6 LEADERSHIP MEETINGS Dialogue 9 Economic and Financial LEADERSHIP 7 IN BRASILIA 25 Dialogue (EFD) 4. POLICY AND 2016 HIGHLIGHTS 8 ADVOCACY MISSION The Commission on Economic 30 10 SECTOR AGENDAS TO BRASILIA and Trade Relations under the 25 U.S.-Brazil Agreement on Trade 4.1. Trade 31 and Economic Cooperation (ATEC) 4.2. Innovation 33 4.3. Tax & Investment 35 1. THE VISION FOR A Defense Cooperation Dialogue 25 4.3.1. Infrastructure Working STRATEGIC BRAZIL-U.S. (DCD) 39 Strategic Energy Dialogue (SED) 26 Group ECONOMIC PARTNERSHIP 12 Consultative Committee on 4.4. Defense & Security 40 26 Agriculture (CCA) 4.5. Healthcare 43 1.1. The Case for a Stronger Partnership: 13 4.6. Consumer Goods & Retail 45 Realizing the Potential Infrastructure Development 26 Working Group 1.2. Five-Year Policy Accomplishments Timeline 14 4.7. Energy 46 3.2. Congressional Forums 27 1.3. Current State of Bilateral Trade and 4.7.1. Oil & Gas Working Group 47 16 Brazil Congress: Brazil-U.S. Investment Relationship 27 4.8. Tourism & Hospitality 48 Parliamentary Group U.S. Congress: Brazil Caucus 27 BRAZIL: RECOVERY, 18 REFORM, OPPORTUNITY Defense & Security Infrastructure 2. BUILDING BLOCKS FOR THE Tourism & Tax & Hospitality 19 Investment BILATERAL RELATIONSHIP Oil & Gas Innovation Energy 2.1. Enhanced Economic Partnership: 49 Trade 20 MEET THE TEAM A Roadmap Consumer Ease of Doing Business 22 Goods & Retail 2.2. PARTNERS 50 2.3. Elevated Regulatory Cooperation 23 Healthcare ABOUT US AND WHAT WE DO Overview The Brazil-U.S. Business Council is the premier business The Brazil Section is managed by the National Confederation advocacy organization for U.S. companies conducting of Industry (CNI), composed of the 27 Brazilian state-level business in Brazil. The Council represents a variety of federations of industry. industries, including consumer goods, defense, energy, healthcare, infrastructure, logistics, security, technology, travel and tourism. The U.S. Section of the Council represents the Mission major U.S. companies invested in Brazil and operates under Protect and advance trade and investment between the the administrative aegis of the U.S. Chamber of Commerce, U.S. and Brazil through free trade, free markets, and free maintaining independent policy formulation and membership. enterprise. What we do Represent Analyze Serve the interests of major U.S. Assess the implications of existing companies that have trade and and new regulatory frameworks investment relations with Brazil. and policy agendas. Promote Advocate Enhance the government-to-business Urge the implementation of political and dialogue and advance the bilateral economic measures that benefit U.S. and agenda. Brazilian companies engaged in trade relations. MEMBERSHIP BENEFITS Level Corporate Board Event access Corporate level benefits, plus: • Members-only events in the U.S. and Brazil. • Discounted participation in partner events and activities. Strategic and policy-shaping influence • Power to influence the Council’s strategic Business intelligence direction and policy. • Members-only executive information services. • Brazil Investment Monitor. Customized advocacy Benefits • Policy Monitor. • Stronger voice in policy concerns and • Access to Council policy and program staff challenges. for information and guidance. Leadership roles Advocacy missions • Seat on the board of directors. • State- and federal-level advocacy missions missions and • Opportunity to lead policy task forces and congressional briefings to advance policy issues and working groups. priorities. 6 PROGRAM OF WORK 2017–2018 Ɩ LEADERSHIP Chairman of Citigroup Vice Chairman DuPont Jane Fraser Timothy P. Glenn the Board Chief Executive Officer, Latin America President, DuPont Crop Protection Chair McLarty Associates Albright Stonebridge Group Thomas F. “Mack” McLarty III Ambassador Anthony Harrington Emeritus Chairman and Co-Founder Chair of the Managing Board and Head of the Brazil and Latin America Practice Cargill Greg Page Executive Chairman of the Board U.S. Chamber U.S. Chamber of Commerce U.S. Chamber of Commerce Myron Brilliant Stan Harrell